Answer:
B. Krieg's agreements are void
Explanation:
The bar examination, is the examination that is administered by a jurisdiction's bar association that a lawyer needs to pass before being admitted to the bar of that jurisdiction.
It is the Examination that Lawyers need to pass before they can be given license to practice law in a jurisdiction.
Since Kreig is yet to write his Bar Examination successfully, whatever documents he writes and signs as a Lawyer is void, because,he doesn't have the right to practice law in his Jurisdiction yet.
Answer:
False
Explanation:
A deferred annuity is a contract that guarantees a regular income or lump sum payments at a future date. It is a popular and effective way to supplement one's income in retirement days. Insurance companies mostly offer deferred annuities. The insured pays their premiums now and opts to delay in collecting their benefits until some later years. Deferred annuities are also a way of making long term savings.
Answer:
The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be $44850.
Explanation:
For computing the cash disbursement the following equation is to be used which is shown below:
= Sales units × variable selling and administrative expense per unit + Fixed selling and administrative expense - Depreciation
= 3,500 × $4 + $35,850 - $5,000
= $14,000 + $35,850 - $5,000
= $44,850
Since all information is given on month basis, so we don't need to change in year basis as we have to calculate for march monthly only.
Hence, all things is to be considered for computing cash disbursement for march month.
Thus, The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be $44850.
Answer:
Please refer to the below for Journal entries
Explanation:
The journal entries are seen below
1. Cash A/c Dr $58,523
Discount on bond payable A/c Cr $4,477
To bonds payable A/c Cr $63,000
(Being the issuance of bond that is recorded)
2. Interest expense A/c Dr $2,048
To discount payable A/c Cr $158
To cash A/c Cr $1,890
(Being the first interest payment that is recorded)
Note:
Interest expense
= $58,523 × 7% × 6 months ÷ 12
= $2,048
Cash
= $63,000 × 6% × 6 months ÷ 12
= $1,890
